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Loregie Vargas
on Dec 16, 2024

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The totals of the Adjusted Trial Balance columns on a work sheet will always be the sum of the Trial Balance column totals and the Adjustments column totals.

Adjusted Trial Balance

A list of all the accounts of a company, showing the balances after adjustments, used to prepare financial statements.

Adjustments Column

A column in financial statements or ledgers for entries that correct or modify the original amounts for better accuracy.

  • Calculate net income or net loss from work sheet columns.
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Britney BrownDec 17, 2024
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